South Korea
Korea Re sets up shop in India with new branch in GIFT City
Korea Re sets up shop in India with new branch in GIFT City
It obtained authorization on 6 November 2025.
5 days ago
Samsung Life Insurance names Lee Seung-Ho as its new company president
He previously led the digital division at Samsung Securities.
Nonghyup P&C maintains capital well above regulatory minimums despite pressure
AM Best said it expects it to keep its capital levels well above regulatory minimums.
South Korea to subsidise malpractice insurance for high-risk doctors
The government will fund between 50% and 75% of liability insurance premiums.
South Korea allows life policyholders to tap death benefits for retirement
The option will be available only to policyholders aged 55 and above.
DB Insurance’s Fortegra deal won’t affect balance sheet
The acquisition is expected to deliver profit contributions worth over 20% of overseas premiums.
South Korea’s life insurance market to hit $174.4b in 2030
Rising demand for health, pension, and protection products is driving growth in 2025.
South Korea’s DB Insurance to acquire The Fortegra Group
DB seeks to expand in the US and European specialty insurance markets.
Korea’s insurers benefit from regulatory changes easing investment rules
Insurers are likely to focus on asset-liability management.
How South Korea insurers boost capital buffers to 206.8% in June 2025
Available capital rose to $187.6b.
Samsung Fire & Marine Insurance posts stable earnings outlook
Its underwriting remains stable with a low combined ratio, AM Best said.
South Korea reinsurance market strengthens with 2025 renewal gains
Insurers are also tapping capital markets through subordinated and hybrid debt.
South Korea’s general insurance sector bound for 3.8% CAGR through 2029
Motor insurance will account for 58.7% of direct written premium (DWP) in 2025.
KDB Life reorganises third insurance portfolio to drive profitability growth
The initiative includes tighter profitability checks and a pre-alert system.
Hanwha Life enters US capital markets with Velocity deal
This would be the first South Korean insurer to acquire a US securities firm.
Investors turn to South Korea’s life insurers for growth
Parental support and operational scale remain critical factors for these insurers.
DB Insurance holds steady on profits amidst market pressures: AM Best
Operating performance is projected to remain solid.
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